ZEPP: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	259m	183m	353m	614m
Cost of revenue	160m	112m	261m	495m
Gross profit	99m	70m	92m	119m
Research and development	45m	46m	52m	77m
Selling, general and administrative	29m	25m	27m	35m
Operating expenses	128m	117m	123m	181m
Operating income	−29m	−47m	−30m	−62m
Pre-tax income	−35m	−58m	−35m	−56m
Income tax	3m	14m	−2m	−10m
Net income	−40m	−76m	−31m	−43m
Earnings per share	−0.16	−0.29	−0.13	−0.18
Earnings per share, diluted	−0.16	−0.29	−0.13	−0.18
Weighted average shares	254m	259m	243m	246m
Weighted average shares, diluted	254m	259m	243m	246m

Metric	Aug 19, 2026	Aug 18, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash and equivalents	—	—	57m	91m	134m	129m	237m
Short-term investments	—	—	—	997,000	5m	—	—
Receivables	—	—	67m	63m	61m	—	—
Inventory	—	—	73m	57m	85m	—	—
Current assets	—	—	294m	252m	317m	—	—
Property, plant and equipment	—	—	6m	7m	9m	—	—
Goodwill	—	—	10m	10m	10m	—	—
Total assets	—	—	565m	529m	636m	—	—
Current liabilities	—	—	287m	195m	155m	—	—
Long-term debt	—	—	59m	75m	120m	—	—
Total liabilities	—	—	350m	276m	283m	—	—
Equity	—	—	215m	252m	351m	389m	460m

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Operating cash flow	−26m	−24m	43m	−117m
Depreciation and amortisation	5m	5m	8m	9m
Share-based compensation	2m	5m	9m	7m
Capital expenditure	516,000	1m	2m	1m
Investing cash flow	1m	−2m	8m	−6m
Dividends paid	—	—	—	6m
Share buybacks	1m	2m	3m	8m
Financing cash flow	25m	477,000	−42m	42m